Do you like this idea for a “bail-out” plan?
I got this email yesterday and thought it was a GREAT idea! What do you think?:
I’m against the ,000,000,000.00 bailout of AIG. Instead, I’m in favor of giving ,000,000,000 to America in a "We Deserve It Dividend." To make the math simple, let’s assume there are 200,000,000 bona fide U.S. Citizens 18 and over. Our population is about 301,000,000 ± counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up. So divide 200 million adults 18 and up into billion that equals 5,000.00.
My plan is to give 5,000 to every person 18 and up as a "We Deserve It Dividend." Of course, it would NOT be tax free. So let’s assume a tax rate of 30%. Every individual 18 and up has to pay 7,500.00 in taxes.
That sends ,500,000,000 right back to Uncle Sam.
But it means that every adult 18 and up has 7,500.00 in their pocket. A husband and wife has 5,000.00. What would you do with 7,500.00 to 5,000.00 in your family? Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads Put away money for college – it’ll be there Save in a bank – create money to loan to entrepreneurs. Buy a new car – create jobs. Invest in the market – capital drives growth Pay for your parent’s medical insurance – health care improves Enable Deadbeat Dads to come clean – or else.
Remember this is for every adult U S Citizen 18 and up including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny ,000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President. If we’re going to do an billion bailout, let’s bail out every adult US Citizen 18 and up!
As for AIG – liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t. Sure it’s a crazy idea that can "never work." But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the Billion "We Deserve It Dividend" more than I do the geniuses at AIG or in Washington DC. And remember, The Birk plan only really costs .5 Billion because .5 Billion is returned instantly in taxes to Uncle Sam.
Come on people…this was JUST FOR FUN! Geesh…you would think this forum was to be taken seriously or something! lol
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11 comments
Beverly S on August 9, 2009 at 10:33 am
I got this same email & have been spreading it all over! I know it’s meant as a joke, but I think it would be great!! People would be debt free, those who own homes could pay them off, those who don’t could buy- talk about jobs- we could open new businesses…. This is the kind of stimulous package that would REALLY work! (LOL)
Spock (rhp) on August 9, 2009 at 10:33 am
AIG is going to sell itself off in parts to repay the loan.
And the government is getting 11.3% interest.
you might want to try repaying a home loan that charges 11.3% interest. my bet is you’d be foreclosed within two years.
John on August 9, 2009 at 10:33 am
yea anything that doesent involve sending money to companies that put us into this mess is fine by me
Agent 99 on August 9, 2009 at 10:33 am
NO I am sick about it….I have already emailed all my Reps….THis is going to be the BIGGEST sham on the American people to date.
Go Ahead and Delete Me on August 9, 2009 at 10:33 am
Your math is way off.
Try $425.00 not $425,000.00
teracer18 on August 9, 2009 at 10:33 am
There is one problem with your plan. Most people would not work for who knows how long if you gave them that kind of money.
gosam777 on August 9, 2009 at 10:33 am
A lot of any dividends thet may be made have already been included in the bills. 20% of any money made goes to ACORN and La Raza, plus a lot of other pork is in it. Thing to do is at least temporarily lift the cap gains tax. Money would pour into the stock market, banks would have credit to loan, jobs created, and leave the taxpayers out of it.
Barbara E from Houston Texas on August 9, 2009 at 10:33 am
I think your math is off. 85 billion divided by 200 million is $425. Even the $700 billion bailout package divided by 200 million only comes to $3500. I say "only" in comparison to the large number you came up with. Obviously $3500 per taxpaying citizen is a lot of money.
Richard K on August 9, 2009 at 10:33 am
When you bail-out a company like that you are investing in their future revenues. Those companies have a strong chance of making good money once the stock market recovers. And that investment of $85 billion will eventually pay off in a few decades and start doubling and tripling. These corporations are out there for the long run.
If you give all that money away to the citizens, where is the investment? Granted they will spend that money and boost the economy but where is the return on that investment?
JP Morgan rescued Wamu because they know the investment will pay off when the stock market recovers. They are going to triple their investment in a decade or so if not more.
United States government rescued AIG to save the numerous other corporations AIG has invested in. They fall and the rest fall. They figured this would put a stop to the chain reaction.
Some of you people that dont know anything about the stock market should really stop assuming how it really works. Take a class on economics before another high school graduate comes up with one of these ridiculous ideas that would never happen.
Its called capitalism. You invest or rescue something for the return. Wamu and AIG will definitely return the investment 3 folds or possibly more.
David S on August 9, 2009 at 10:33 am
No. Democrats are already trying to put pork on it. Let it go and vote everybody in congress out of congress.
Leslie S on August 9, 2009 at 10:33 am
THANKS FOR COPY PASTING RUBBISH